Technological innovation in industry, History

Assignment Help:

Technological Innovation in Industry

Those most inclined to find new ways to produce goods were those who had an incentive to do so. Artisans generally did not; they preferred the traditional way of doing things. Rather innovations would come from those outside of the traditions of guilds and workshops; those influenced by Enlightenment thinking about the way knowledge could be used to create "progress;" and those with the resources (capital) available to apply new ideas to industry. In short, these would be "entrepreneurs."

One way that entrepreneurs changed production was through cottage industry, which made use of the seasonally underemployed agricultural workers who lived in "cottages" in the countryside. These workers needed to make extra money to support themselves but could not come to the cities and work in workshops. So some entrepreneurs began to bring the work to them, transporting raw materials (such as cotton or wool) to their cottages and collecting finished cloth. The entrepreneur would pay each "cottage worker" a small amount for each piece of cloth; this was known as a piece rate. By collecting many pieces of finished cloth, the entrepreneur could generate a large shipment to sell in a market in a nearby city or elsewhere in Europe or the English colonies.

 


Related Discussions:- Technological innovation in industry

Causes of the american civil war, Hi, I need at least 25 bulletin points (i...

Hi, I need at least 25 bulletin points (in complete sentences) about the causes of the American Civil War AND the implications of each cause. In other words, I need WHAT the causes

Reform movements, Choose two of the reform movements of this period that yo...

Choose two of the reform movements of this period that you would have participated in. Explain them and tell why you would have been involved.

Show the hoover''s plan of action, What are three important steps Hoover ta...

What are three important steps Hoover takes as listed in "Hoover's Plan of Action"?

What did the economic transformation of the first half, What did the econom...

What did the economic transformation of the first half of the nineteenth century involve? i.e. be able to discuss both the Industrial Revolution and what was known as the Market Re

Articles of confederation, Why was it difficult to make changes to the Arti...

Why was it difficult to make changes to the Articles of Confederation? An amendment required approval by all 13 states The Articles did not provide for amending the constitution Tw

Faculty in problem solving and decision making, Higher ed executives often ...

Higher ed executives often employ faculty in problem solving and decision making instead of using usual chain of commands through the administration. Why do you think this happens?

What the causes were in the nineteenth century, What the causes were in the...

What the causes were in the nineteenth century prevented Spain from being a close unified modern country, like france was?

When was mine explosion kills 109, When was Mine explosion kills 109 at Mou...

When was Mine explosion kills 109 at Mount Pleasant Pennsylvania?

Homework help with study guide, the colonial power, who moved into the Midd...

the colonial power, who moved into the Middle East to create separate colonies

Colonial vocabulary, Why did the word "American" enter the colonial vocabul...

Why did the word "American" enter the colonial vocabulary around 1975?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd